First Policy - Insurance Brokers Company In India | Insurance agency

The business world is ever accelerating. Today, any business is bound to face all kinds of risks - ranging from product defects and occupational injuries to cyber fraud and data breaches. These may result in expensive lawsuits that might put an unsuspecting business out of action. Here, liability insurance turns out to be a crucial safety net protecting your organization from legal dangers. From cyber fraud insurance to product liability insurance policies, the right coverage ensures your business can tackle sudden challenges without their wholesale suffering through devastating financial losses. So, how can liability insurance safeguard the businesses from legal risks and make it an absolute necessity in risk management? Let's explore that very same scenario in this blog. What is Liability Insurance? Liability insurance is a general protection with the aim of protecting the firm from damages caused by claims of injury, property damage, or negligence. This insurance pays all legal ...

  The today business environment for shipping companies is characterized by faster globalization and frequent cross border shipments, and, therefore, ships are open to various risks. Altered brackish and marine organisms, spoiled goods, and rare climate shocks are some of the critical losses that befit maritime operations. Cognisance of the above emerging increased complexity in the above risks is what has led First Policy to develop its innovative Marine Sales Turnover Policy, changing the face of marine risk management. The Marine Sales Turnover Policy is designed to address issues of shipment and transport in organizations that frequently hire service providers in this line. Contrary to the conventional approach of insurance where policies are sold for each shipment, this initiative makes it easier as the policy is sold depending on the turnover of a company’s sales. It is also quite flexible, thus allowing businesses to address their maritime risks with the simplicity that is n...

Currently, various organizations are planning and operating in a networked economy that is filled with cybersecurity risks. If by manipulating highly developed cyberattacks, data leakage, or internal fraud, financial loss and damage to the company’s reputation can become a reality. This is why cyber insurance has emerged as one of the critical components of contemporary enterprise risk management strategies; a back-stop solution in case of cyber adversity. The business environment is always characterized by uncertainties and fluctuations and so is the risk factor that accompanies it to business entities. Some of the kinds of cyberattacks prevalent today are; ransomware, phishing attacks, DoS attacks and among others with the enhancements carried out continually. Thus, the need for cyber insurance in India has been increasing gradually as companies of all sizes in the country seek to avoid the severe financial losses from cyber threats. As a result, what sets cyber insurance is the gre...

  In today’s uncertain and rapidly changing world, it is critically important to protect your business and its assets. As the threats continue to arise including economic shocks, cyber-crime and intense competition in the market, it is crucial to have proper insurance solutions. Among the various insurance technologies, two are regarded as particularly crucial for protection, and these are Liability Insurance and Credit Insurance. These insurance policies are not only compensation policies but also relief policies that assist you to cope with possible risks. Commercial General Insurance (Liability Insurance) Among the types of insurance that are considered to be essential for business, one can distinguish Commercial General Insurance (CGI). This policy offers protection from legal actions resulting from physical harm to people or damage to property in connection with your business activities besides being liable for personal and advertising injury. It is often accompanied by the na...

In the contemporary world economy, the maritime business is vital in facilitating the causation of products across borders. With the continuous growth and development of this industry through the advancement of technology and market demands, the necessity of marine insurance has been more significant than ever. Standard insurance solutions do not fully cater to such requirements and possible exposures of the contemporary maritime industry. This is why specialized coverage including Protection and Indemnity (P&I) insurance, marine and cargo insurance among others as well as support from marine insurance companies prove critical for the businesses dealing in shipping and logistics. Role of Marine Insurance in an Ever Changing Business Environment Globalization has introduced more complex supply chains and the nature of maritime threats is dynamic in the contemporary world. Some of the challenges affecting the shipping industry in the present generation include environmental issues,...

In today’s volatile business environment, managing risk is more critical than ever. From natural disasters to cyberattacks, businesses face a variety of threats that can disrupt operations, damage assets, and lead to financial losses. Effective corporate risk management is essential to mitigating these risks, ensuring business continuity, and protecting the bottom line. At First Policy, we offer innovative and comprehensive risk management solutions that safeguard businesses from unforeseen events and help them stay resilient in the face of adversity. Corporate Risk Management Corporate risk management is the systematic process of identifying, assessing, and controlling risks that could negatively impact a business. It involves evaluating all potential threats—from operational disruptions to financial liabilities—and implementing strategies to minimize their impact. At First Policy , we believe in a proactive approach to risk management. By understanding a company’s unique risk landsc...

Claims management is the acid test of service for any insurance company. To the average customer, insurance is largely a forgotten affair until some untoward event turns him or her into a claimant. Although it is important to have the companies with the best insurance coverage, what actually matters most is the manner in which the insurers deal with claims. Effective claims management can only be handled by the relevant insurance stakeholders in order to guarantee that business organizations can be back to their optimal operations once they have been interrupted by the acts of God or any other adversity. At First Policy, we have always taken a lot of pride in delivering quality and time-effective claims management services that assist in facilitating an expeditious claims settlement process to the clients. Claims Management in Insurance Claims management involves the process of dealing with claims made by policyholders, auditing the claims and compensating the policy holders as per th...